PNC Financial Services Group Inc. maintained its position in shares of Invesco Quality Municipal Income Trust (NYSE:IQI) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 37,840 shares of the financial services provider’s stock at the end of the second quarter. PNC Financial Services Group Inc. owned about 0.07% of Invesco Quality Municipal Income Trust worth $482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its stake in shares of Invesco Quality Municipal Income Trust by 17.5% during the second quarter. Wedbush Securities Inc. now owns 13,448 shares of the financial services provider’s stock worth $171,000 after buying an additional 2,000 shares during the period. IFP Advisors Inc boosted its stake in shares of Invesco Quality Municipal Income Trust by 1.2% during the second quarter. IFP Advisors Inc now owns 15,584 shares of the financial services provider’s stock worth $199,000 after buying an additional 180 shares during the period. Allegis Investment Advisors LLC boosted its stake in shares of Invesco Quality Municipal Income Trust by 0.8% during the second quarter. Allegis Investment Advisors LLC now owns 16,243 shares of the financial services provider’s stock worth $207,000 after buying an additional 122 shares during the period. First Trust Advisors LP boosted its stake in shares of Invesco Quality Municipal Income Trust by 12.2% during the second quarter. First Trust Advisors LP now owns 56,814 shares of the financial services provider’s stock worth $724,000 after buying an additional 6,167 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Invesco Quality Municipal Income Trust by 7.1% during the second quarter. Ameriprise Financial Inc. now owns 65,707 shares of the financial services provider’s stock worth $837,000 after buying an additional 4,379 shares during the period. Institutional investors own 11.56% of the company’s stock.

Shares of Invesco Quality Municipal Income Trust (IQI) opened at 12.69 on Tuesday. Invesco Quality Municipal Income Trust has a 52 week low of $12.01 and a 52 week high of $13.41. The stock’s 50 day moving average is $12.84 and its 200 day moving average is $12.69.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be given a dividend of $0.0546 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Thursday, October 12th.

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Invesco Quality Municipal Income Trust Profile

Invesco Quality Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment.

Institutional Ownership by Quarter for Invesco Quality Municipal Income Trust (NYSE:IQI)

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